Live Metal Prices / oz
Gold:
1738.89 USD
Silver:
19.15 USD
Platinum:
881.00 USD
Palladium:
2027.00 USD
Rhodium:
14650.04 USD

Fiat Currency vs Gold Coins

Making proper investment choices has always been challenging. There is always a better way to invest, no matter what you choose. It is how the nature of investment works. However, the two main options for gold are either coins or bars But what exactly are the advantages and drawbacks of investing in gold coins? Let's take a look.

Advantages of Gold Coins

Many might argue that gold is a relic that no longer holds the same monetary qualities as it did in the past. However, with current inflation trends and gold's desirability, gold makes way more sense than other investment options. What else do gold coins have to offer?

A Hedge Against Inflation

Rising inflation has been a significant concern for investors, and especially in the last year. Nowadays, holding paper money does not really make that much sense. Even if you consider the historical facts, you will find that gold has always been a hedge against inflation

Way To Hold Off Capital Gains Tax

Until you decide to sell the gold coins, there will be no need to pay capital gains tax. Now, that is something that most investors look for when it comes to investing in hard assets.

A Safe Haven

It is pretty evident that the economic and political uncertainty is a reality of the current financial condition. Because of this, gold can act as a safe haven. How so? Precious metals will retain their value even if hyperinflation sets in.

Drawbacks of Buying Gold Coins

Nothing is perfect in this world. And the same thing applies to this investment option. So, before you decide to buy gold coins, you need to know about the drawbacks it brings to the table.

Storage

Because of gold's intrinsic value, it can be prone to theft and disasters. For that reason, it is important to find a secure storage solution for any physical gold you purchase.

Conclusion

If you are still wondering whether it will be a good idea to invest in gold coins, you need to consider a couple of things. Firstly, whether you have a secure storage solution. Secondly, whether you are looking for a long-term or short-term investment. However, in current economic climates, it is definitely a prudent investment option.